In Hong Kong, we build a global business empire

Chairman's Office, Bank of Hong Kong Headquarters Building, Queen's Road Central, Central.

At this moment, after listening to his subordinates' report, Shen Bi couldn't help but frowned.

He originally thought that after facing the crazy suppression of Huifeng Bank, Lin Haoran would quickly start to fight back.

Logically, what Lin Haoran should do at this moment is not to watch Bank of East Asia continue to lose customers, but to stabilize customers' confidence and take active measures to reverse the situation.

At the very least, Bank of East Asia should take some tough stances to respond to the offensive of Huifeng Bank and send a signal to the market and customers that it will not give in easily.

However, what his subordinates reported was completely beyond his expectations.

There didn't seem to be any major moves on Lin Haoran's side. The Bank of East Asia continued to operate as usual. There were no large-scale publicity activities, no emergency customer briefings, and no counterattack of any kind against Huifeng Bank.

Instead, at this critical moment, he took the initiative to publicize the withdrawal of Li Fushu and others from the Bank of East Asia.

Isn't this equivalent to adding fuel to the already turbulent situation of Bank of East Asia, making the outside world even more pessimistic about the future of Bank of East Asia?
Shen Bi frowned, his eyes full of confusion and puzzlement.

Li Fushu and others are not unknown people. They are quite influential in the financial circle and have close ties with many major clients. The Li family is the founding family of Bank of East Asia and has been in charge of the bank since its establishment. The rule over Bank of East Asia is very stable and far-reaching.

Otherwise, with Lin Haoran's strong takeover, the controlling rights of Bank of East Asia would probably have remained in the hands of the Li family.

"What exactly is Lin Haoran up to?" Shen Bi muttered to himself, his fingers tapping the table unconsciously.

As the absolute ruler of Hong Kong's financial world, Huifeng Bank has a very powerful intelligence department.

So, he felt a little strange about everything that had happened at Bank of East Asia today.

"Mr. John, have Lin Haoran's companies, including the Jardine Matheson Group, not yet contacted our Huifeng Bank regarding the transfer of funds?" Shen Bi asked Bao John, the vice chairman of the board of directors who is in charge of fund management.

"Absolutely not. So far no company has discussed this matter with us!" Bao John shook his head.

Since Lin Haoran took over the Bank of East Asia, they had already made preparations for the transfer of the financial business of Lin Haoran's companies.

They had no intention of causing trouble in this matter, but rather of cooperating.

Although Huifeng Bank would indeed suffer heavy losses once the transfer took place, in this situation, if they tried to obstruct it for various reasons, they would be left with a handle, allowing the outside world to criticize Huifeng Bank for being narrow-minded and bullying, which would affect the bank's reputation.

Why did Bank of Hong Kong become the financial overlord of Hong Kong?
What they rely on is the good reputation they have built up over more than a hundred years!
Therefore, for Huifeng Bank, it is better to accept this matter openly and maintain its hard-earned reputation, and then make up for the losses from other business segments later.

But now there is no sign of capital transfer in Lin Haoran's company. There seems to be an undercurrent beneath this calm appearance, making Shen Bi feel more uneasy.

Shen Bi stood up and paced back and forth in the office, thinking about what Lin Haoran had done and what his purpose was.

"Mr. John, you said that Lin Haoran has not made any move. Could he be planning some big move? Li Fushu and others withdrew, but he not only did not hide it, but took the initiative to publicize it. There must be a deeper meaning behind this that we have not yet seen through!

Today, the share price of Bank of East Asia has fallen several times, and customers have completely lost confidence in the bank. This situation will only exacerbate the bank run, but he still sits on the Diaoyutai and has no intention of showing up. Does he really have a trump card to resolve this crisis? "Shen Bi stopped and looked at his old partner.

Everything that Bank of East Asia has done seems to be good news for Bank of East Asia.

Now, if Bank of East Asia continues to develop in this way, it will be completely marginalized by the market within a month and become an insignificant existence in Hong Kong's financial world.

As for the Bank of East Asia, Shen Bi did not think that after a bank run, it would be acquired by Bank of East Asia like Hang Seng Bank.

Because he knew how strong Lin Haoran's financial strength was.

Saving an East Asian bank was not difficult for Lin Haoran.

He did this just to make the Bank of East Asia lose its customers in Hong Kong.

As a result, the reputation of Bank of East Asia will plummet. Even if Lin Haoran invests a large amount of money to revive it in the future, it will be extremely difficult to win back the hearts of customers and restore its former reputation.

And in this war without the smoke of gunpowder, Huifeng Bank will be able to firmly secure its position as the overlord of Hong Kong's financial world and nip potential threats in the bud.

However, Lin Haoran's seemingly self-destructive behavior now made Shen Bi feel that things were far from as simple as he had imagined.

Because he had never underestimated Lin Haoran. To underestimate someone who had become the recognized richest man in Hong Kong?

He is not that foolish.

"Mr. Shen Bi, I don't know what Lin Haoran is planning, but since he has watched the Bank of East Asia move step by step towards the abyss without doing anything, we might as well add fuel to the fire and completely accelerate the process." There was a hint of ruthlessness in Bao John's eyes.

"Oh? Mr. John, tell me quickly, do you have any good ideas?" Shen Bi became interested.

Now, he felt that he had used all the tricks he should have used, such as forcing customers to choose between two options, extracting the soul of the Bank of East Asia, the Li Peicai family, and spreading rumors to cause panic among the customers of the Bank of East Asia, leading to a run on the Bank of East Asia.

Today, these strategies are going smoothly and everything is proceeding according to their plan.

But Lin Haoran's unresponsive posture was like a stone thrown into a deep pool, which only caused a few ripples and then stopped moving, leaving him feeling really unsure.

When John Bao proposed a new idea, he naturally wanted to hear it.

"My idea is very simple. Mr. Shen Bi, you should still remember Jardine Securities, a subsidiary of Jardine Matheson & Co., right? How did Jardine Securities go from a listed company with a market value of more than one billion Hong Kong dollars to bankruptcy in just one month?" John Bao said with a smile.

Shen Bi's eyes lit up when he heard Bao John's words.

He naturally knew how Jardine Securities went bankrupt.

Jardine Matheson was preparing to sell Jardine Securities, and Lin Haoran seized this opportunity. He then used public opinion to make the shareholders and clients of Jardine Securities gradually worry about the future of Jardine Securities.

As a result, the share price of Jardine Securities plummeted and many customers began to leave.

At this time, Lin Haoran manipulated Galaxy Securities, a subsidiary of the Hutchison Whampoa Group, and began to poach people from Jardine Matheson Securities, taking away many of the mainstays of Jardine Matheson Securities.

The end result was that Jardine Securities collapsed completely, and even Jardine Matheson was powerless to save itself from its bankruptcy.

Just like that, a large listed company with a market value of more than HK$15 billion finally had to declare bankruptcy.

Shen Bi stroked his chin with his fingers and said thoughtfully, "You mean, we should also imitate Lin Haoran's method of dealing with Jardine Securities and cut off the source of the East Asia Bank? Attack both the talent and customers at the same time and completely disrupt the East Asia Bank's position?"

Bao John nodded vigorously, with madness in his eyes: "Now, under our pressure, many customers of Bank of East Asia are queuing up to withdraw cash. According to the feedback from our major branches, starting at noon, our Huifeng Bank's deposit business has increased. Obviously, these new deposit businesses were transferred from Bank of East Asia.

In other words, Bank of East Asia now urgently needs a large number of people to handle its business, especially to deal with bank runs and appease those wavering customers.

In fact, at this time, not only the customers of Bank of East Asia, but also the employees of Bank of East Asia are worried about their own future. This is also a perfect opportunity for us to poach their talents.

As long as we poach those experienced and capable employees from Bank of East Asia, they would be faced with a shortage of staff and business chaos and would be completely unable to cope with this crisis.

At that time, Bank of East Asia will directly accelerate its collapse, and the reputation and market position accumulated over the years will quickly collapse like a collapsing building.

And our Huifeng Bank will be able to sit back and reap the benefits, completely eliminating this potential threat. By that time, even if Lin Haoran has all-powerful abilities, it will be difficult for him to save the Bank of East Asia."

Bao John became more and more excited as he spoke, as if he had already seen the collapse of Bank of East Asia.

“This is a good idea, but it takes a long time to recruit people on a large scale, especially when you need to recruit people in secret. If you are not careful, the news may leak out.

Once Lin Haoran finds out, he will definitely be on guard and may even turn the tables on us. In addition, the cost of poaching people should not be underestimated. To attract outstanding employees from Bank of East Asia to switch jobs, we have to offer extremely competitive salaries and benefits, which will also put a lot of pressure on our bank's financial expenditures."

Shen Bi frowned slightly and calmly analyzed the possible problems he might face.

Although he was quite tempted by Bao John's proposal, his reason still made him weigh the pros and cons first.

Once companies such as Hong Kong Land Development and HK Electric Group withdraw funds stored in Bank of Communications, Bank of Communications will face tremendous pressure on its capital chain.

You know, the funds deposited by companies such as the Hong Kong Land Group in Bank of China amount to nearly HK$20 billion.

Faced with such a huge amount of funds, even Huifeng Bank dared not slack off. (End of this chapter)